Alberta Oil Production Sinks To Seven-Month Low

Crude oil production in Alberta fell to a seven-year low in June because of maintenance at oil sands projects and the exclusion of output from Suncor’s fields in the data. The total stood at 2.71 million barrels daily in June, the Alberta Energy Regulator said, with Bloomberg noting this was a 21% decline on an annual basis and the lower production rate since June 2016. The exclusion of Suncor’s production data was a surprise decision and no explanation for it was provided. The company is one of the biggest oil sands operators in Canada.…